A Lebanese property expert has urged Qatari investors to expand their investments in the Lebanese property market, which has proved to be the safest in the region, yielding the highest ROI (return on investment).
The booming Lebanese real estate market is attracting Qatari property buyers, who represent 25 per cent of the total Gulf property investors in Lebanon and look upon Lebanon as their second home.
Mohamad Ayash, CEO of Dolmen, which has a regional sales office in Doha, described the Lebanese property market as a win-win option for Gulf investors, especially Qataris. According to recent statistics, property prices in Lebanon rose by 30 per cent annually in the last two years.
Speaking in connection with the company’s participation at the 4th 'Qatar International Real Estate & Investment Exhibition (Q-REX) 2009', the first and only real estate and investments exhibition in Qatar, which runs from May 25 - 28 at the Qatar Exhibition Centre in Doha, Ayash said: “It is imperative to refine the real estate landscape in the Gulf through extensive research and planning. Against the continuous poor performance of the Gulf stock markets and the credit crunch affecting the real-estate industry, the Lebanese real estate industry is offering attractive average 20 per cent returns in the first year of investment”.
Dolmen s.a.l., a privately owned Lebanese company specializing in real estate development and a subsidiary of The Phoenician Holding, has firmed up aggressive plans to target the Qatar customers, with an investment of millions dollars in 2008, according to Mohamad Ayash.
Ayash added: “The Lebanese property market is the ideal destination in the region enhancing and safeguarding the assets of any investor's portfolio. Buying a villa or apartment in Lebanon ensure fairly attractive ROI, depending on the location and the timing of resale.”
As for individual use, the properties on offer meet the changing needs of a modern family, featuring a variety of options and advanced facilities.”
The company will unveil its detailed plans at Qrex Real Estate in Qatar from 25th – 28th May in Doha.
Dolmen has adopted a revolutionary plan where it is spreading its projects in the towns of Lebanon, and not just in Beirut. It will be showcasing three landmark projects Jannat Falougha, Falougha Homes and Cedars Hills villas.
“We registered high sales in Cityscape Abu Dhabi last month where half the units of Jannat Falougha were sold in five days. This is a clear evidence of Gulf customers’ interest in our projects. Part of our next year’s strategy is to enhance our investments in the Gulf market”.
Of the project highlighted at Q-REX, Jannat Falougha in Falougha is designed as a Lebanese village offering scenic views, rich heritage and spectacular climate. Falougha Homes is sprawled over 26,650 sq meters of land and comprise villas for middle-segment buyers, while Jannat Falougha will encompass luxurious villas over a 30,000 sq meters area.
The 114,000 sq metre Cedars Hills villas in Ain Zhalta offers investors a range of choice villas and premium plots.
In addition to developing Falougha and the Ain Zhalta projects, Dolmen is currently working on other key developments, including mixed-use projects featuring two towers of 27 floors each near downtown Beirut.
About Dolmen:
Dolmen S.A.L. is a privately owned Lebanese company specializing in real estate
development. It is a subsidiary of The Phoenician Holding s.a.l. that comprises a group of companies, including Atrium s.a.r.l. for architecture design, Yarah s.a.r.l. for contracting and internal finishing, Ice Tulip s.a.r.l. for graphic design and advertising, Tierra s.a.r.l. for topography, and Modulor s.a.l. for fixed furniture, equipment and building materials.
Pursuing a vision to become one of the biggest real estate companies in Lebanon and the Middle East, Dolmen s.a.l. is committed to develop, deliver and operate world-class real estate projects. Complementing its niche portfolio of luxury projects, Dolmen is currently shaping two mixed-use towers in Beirut - Jannat Falougha villas and Falougha Homes in New Falougha, as well as the Cedars Hills villas in Ain Zhalta in the Mount Lebanon region. Additionally, Dolmen's regional operations include the construction of a 160-unit 'Societe de Promotion Immobiliere' in Tunis and a regional office in Doha.
